sell! sell! sell!

[tiznow]

No idea how they time things so well but they have the performance to back it up.. Most of the glass half empty mentality like me see them forming but they blow up way bigger than we ever could imagine till the inevitable day that was obvious.. I was ranting for years doom in late 90s and mid 2000s before the inevitable day hit.. Once again what's happening now is blatantly obvious to anybody paying attention.. And just a matter of when..

theres little true growth right now just financial engineering playing around with the Feds easy money as drunkenmiller explained succinctly above

 

[PatsFan1283]

Yeah, I agree it is going to be ugly. Think even worse than 2008.

2008 rates weren't 0 for 8 years, tons of inefficiency built into the system. Just don't know how or when it ends.

 

[tiznow]

Still in shock Ben decided to dig this deep.. No clue what those guys were thinking with qe2/3 etc.. The first round made sense near armaggedon.. its point of no return time now..

Regardless of stock market digits shit (obviously biased to upside via currency debasement)..Will be interesting to observe once shit hits the fan.. We at all time market highs .. job market healthy (minus the wage part) and average joes are struggling mightly... 2/3rds of Americans can't cover a 1k emergency! .. The hole we've dug is huge! .. Middle class has been pillaged.. Gonna be a total mess on the street once it implodes

 

[PatsFan1283]

I think a lot of it is just the culture. Especially with Greenspan/Bush. After the tech burst the President couldn't say to people "Look we just had the 2 most prosperous decades in our nations history, recessions are healthy and we're going to rebuild." It had to be cut rates from 5.5 to 1%, home buying mandates and then a huge bubble with minimal growth until the crash.

So the constant quick fix mentality did us in long-term. No different than the New Deal really. Just government trying to do too much.

 

[tiznow]

Culture is socially engineered by the elites..

rampant liberalism (broken homes, woman equality/power! Aka both parents have to work and stressed homes, low morals, self centered, live for today mentality) is good for the haves and those that control it.. As its wants to grab more more more .. As the have nots get less..

 

[tiznow]

A true conservative society economically and socially is inheirently much more stable and middle class friendly...

Liberalism in any form (democratic, commie, socialist) is desired by the elites as it allows them to concentrate more wealth and power.. As they promise the have nots sunshine and unicorns that never come

Common sense and past performance of human history shows this clearly

 

[tiznow]

And on the socially conservative side I'm not talking bible thumping nonsense.. That's big reason we so fucked.. Conservatives hijacked by all these liberals hiding as "conservatives"..

talking about being a decent fucking human being and respecting your fellow man... Thinking about the long term.. Saving for tomorrow and you and your family's future,...

Rather than being a self centered ahole who only cares about today and themselves.. Which is a bulk of America today and is constantly beat into our psyche by mass media that it's ok to be this way

Got me going on stream of consciousness few beers deep rants patsfan

 

[PatsFan1283]

Must be the opiods

Yeah, people always say the gov't sucks and screws this and that up but listen to the rhetoric when these guys take office. George Bush is supposed to "fix" the economy after tech bubble, Barack Obama is supposed to fix the mess created by the housing bubble. The public wants quick fixes and doesn't want to deal with any type of extended downturn. Despite the fact that even in a downturn we enjoy a higher standard of living than previous generations.

Now Trump is supposed to fix everything. Fix trade agreements, have healthcare beyond obamacare and put tariffs on imports from US companies.

Just running to savior after savior. And if these people don't give them what they want, they will find someone else to do so and you won't get a 2nd term.

 

[tiznow]

Presidential politics just a circus for all the dumbasses who fail to see it for it it is.. The blatantly obvious one party system of the status quo/elite...

 

[eek.]

Government is only giving people what they want.
Around half want a basic life with a job which pays the bills and buys the beers.
The other half want more. and more. and more. and more.
This suits the people who want power and wealth and makes "everybody happy"

Every system/empire gets greedier and more corrupt until eventually it goes up

It's a society run like a big company, and very few companies survive 100+ years, the managers take more and more, the employees get less and less.

Self destruction is in the genes, it's just Darwinism

 

[eek.]

In theory we're smart enough to sidestep Darwinism, but that's only a theory so far

 

[tiznow]

I don't want the government "giving" me anything... all they currently do is take from me via taxes and at same time pissing me off..

only region of us that has median salary expansion when adjusted for inflation since 2000 (by a large margin) is Washington, D.C.

 

[tiznow]

And I'm Mainly talking federal government there... State and local overall provides some amount of useful stuff to the average joe... Obviously there is waste but...

the closer the tax dollars stay to the source the less corruption and waste there is.... majority of dollars shipped off to DC end up some crooks pocket on way or another..

anyway they spending hoards more than they taking in from us anyway just funny money who cares..

 

[CHOPTALK]

Just had one of the new Chocolate Cake MSLP bars just now.
Wow that thing gonna be a hit.

 

[tiznow]

We've also reached the draghi low on ammo point.. now he begs for help

-------------

[h=2]European Central Bank[/h][h=1]Draghi steps up call for eurozone reform to cope with ageing crisis[/h][h=2]ECB president warns of cost in delaying measures to boost productivity[/h]

Mario Draghi © Reuters
June 9, 2016 2:52 pm by Claire Jones in Frankfurt
Mario Draghi, European Central Bank president, has stepped up his call for the region’s political leaders to press ahead with reforms that would create more jobs, in order to help save the eurozone from its ageing crisis.
The eurozone’s economy has started to regain the ground that was lost during a sovereign debt crisis that hit its nadir in 2011 and 2012, in part because of aggressive actions taken by Mr Draghi’s central bank.
But the bank is concerned that member states’ lawmakers are not playing their part in the recovery, with the ECB president saying on Thursday that austerity policies and a lack of structural reform have left the eurozone too reliant on monetary policy to restore growth.
The ECB president warned lawmakers that they must pass a growth agenda that would combat the region’s demographic crisis, with ageing populations expected to dent the potential for growth in the coming decades.
“We cannot avoid the fact that, over time, the inherent speed limits resulting from the euro area’s unfavourable demographics will start to bite,” Mr Draghi said in a speech in Brussels. The cost of a delay in implementing the necessary reforms was, he said, “simply too high.”
The eurozone economy grew by an impressive 0.6 per cent between the final quarter of 2015 and the first quarter of this year, but it took almost eight years to return to pre-crisis growth levels and continues to operate below full capacity. A return to maximum capacity would, Mr Draghi said, have been quicker “if fiscal policy had been more supportive.”
The ECB president is expected to press the case for more measures to support growth in the coming weeks.
There was “substantial leeway” to produce more growth by lowering the long-term unemployment rate and raising the participation rates in the labour market, Mr Draghi said, adding that governments could also take measures to improve the productivityof their workforces.
He also renewed his call for closer eurozone integration, saying it should not just be a long-term project. Restoring confidence in the bloc’s institutional set-up was “perhaps the best way to raise output today”.
“The euro area faces a twin policy challenge: to get more firms in each sector to the productivity frontier, and to get more labour and capital to those productive firms,” Mr Draghi said. “And, crucially, this would not only boost output, but also employment and wage equality, since labour would be concentrating [on] firms that are both growing and demanding higher value skills.”
The ECB president also said European leaders needed to become more open to trade, enabling companies to take advantage of the global supply chains that would produce goods with the most value. The most powerful quick win would be for politicians in Brussels to create the rules needed for a single market in services.
This, he said, “would automatically accelerate diffusion from the European frontier where we already have many world-leading industries.”
Governments also needed to put conditions in place to allow companies to expand quickly, Mr Draghi said. “Change of that nature creates opportunities, but it can also be perceived as threatening for individual workers. So adequate social safety nets have to be in place, too.”
Another area of focus should be education. “Ultimately, investing in human capital is the key ingredient in making growth both stronger and more inclusive,” he said. “And over time such investment would help the euro area not just to converge to the productivity frontier, but also to shift it out.”
Long-term, or structural, unemployment was 9 per cent before the crisis, Mr Draghi claimed, compared with just 5 per cent in the US.
That, he said, “implies that there is a large, latent potential in the euro area labour force which can be unleashed with appropriate labour market and activation policies — and more so than in other advanced economies.”
Participation rates — the proportion of a country’s adults who are employed or looking for work — are high in some of the eurozone’s 19 member states, but there was a 15 percentage point spread between the top rate and the lowest rate.

 

[PatsFan1283]

Below 2100 at open.

I couldn't explain why exactly but I've never felt more confident there won't be a market collapse in the next 5 months.

 

[CHOPTALK]

Below 2100 at open.

I couldn't explain why exactly but I've never felt more confident there won't be a market collapse in the next 5 months.

Maybe they just keeping it up long enough to dump all the problems of the last 50 years on Trump.

Trump can get all the blame for all the mistakes then they gonna be able to say "see those outsiders ain't so good after all "

 

[PatsFan1283]

Don't think Trump wins at this point. Probably like 25%, needs a big comeback. But you never know I guess. He just can't stop the stupidity. Think either 1 of these 2 is 1 and done.

Tiz what do you think of Hussman's fund(s)?

Not really something I'd invest in because the expense ratio but was just curious.

 

[tiznow]

I don't like funds in general.. Just think he's a sharp guy with very good weekly insights/writeups with lots of good data and reasoning to back it up..

we clearly been standing at edge of the cliff for a while now .. Just a matter of when...

 

[CHOPTALK]

Don't think Trump wins at this point. Probably like 25%, needs a big comeback. But you never know I guess. He just can't stop the stupidity. Think either 1 of these 2 is 1 and done.

Tiz what do you think of Hussman's fund(s)?

Not really something I'd invest in because the expense ratio but was just curious.

honestly I stopped keeping
up with it about 3 months ago once I realized I did not like what was behind either door 1 or door 2.
I can't even figure out which one sucks the least so I can't even vote for the lesser of 2 evils